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Real Estate
Tennessee real estate most overvalued in US. Why Nashville, Memphis prices are inflated
Memphis was named in the report as the metro area with the highest overvaluation in the country. The Nashville metro area was ranked fifth. High demand has caused home prices to surge in recent years, especially as the state's population continues to climb post-pandemic. Home prices in Tennessee are overvalued...
The Lake District sale receives no bidders, goes back to lender
The Lake District mixed-use development is back in the hands of the lender. The Lakeland property received no bidders during a Tuesday afternoon foreclosure sale auction that took place on the steps of the Shelby County Courthouse in Downtown Memphis. Locke Waldrop of the Memphis law firm Baker, Donelson, Bearman,...
Attorney says potential buyer in line for Serenity Towers
MEMPHIS, Tenn. — On Tuesday, a representative for the embattled Serenity Towers appeared in Court, claiming that there could be a potential buyer of the senior high rise. The City of Memphis recently filed a petition to have Serenity Towers declared a chronic nuisance, but today in court, an attorney said there could be a […]
High-rise development planned near FedExForum
MEMPHIS, Tenn. — A high-rise development with a luxury hotel and condominiums, plus retail and restaurants, is planned across the street from the FedExForum in downtown Memphis. An application for the project was submitted Wednesday to the Land Use Control Board by Blue Note Hotel Group LLC and A2H Architects. (Above) Drawings of the proposed […]
Thinking about buying a condo in Memphis? Here's what you need to know to get started
Buying a home can be a daunting task, especially for first-time buyers. There’s a lot of extra costs and maintenance that come with a home, and as prices continue to increase, many are turning to condos. Memphis may have both an older and lesser number of condominiums than other...
Renter wanted to have a place of his own. Rising rental prices convinced him to search.
Josh Spangler wanted a place of his own. Rising rental prices convinced him to start looking to see what was out there. “I was excited at the prospect of becoming a homeowner, but also a little anxious,” recalled Josh. “I contacted Melody Bourell, a real estate agent with Marx-Bensdorf Realtors, who came highly...
The Lake District may still face auction despite reaching deal to settle debts. Here's why
The Lake District mixed-use development in Lakeland could still be put up for auction. In an email to The Commercial Appeal, Lakeland Mayor Josh Roman said The Lake District's developer, Yehuda Netanel, was given a two-week extension to secure funding to pay off his outstanding debt. Roman said from his understanding Netanel is hoping for a refinancing closing on May 13. ...
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